Rates of petroleum products expected to rise

November, 12 2024
Lahore (Suno News): The prices of petroleum products are expected to increase from Nov 16.
As the delegation of International Monetary Fund (IMF) is in Pakistan to deliberate over the progress on Extended Fund Facility (EFF) programme worth $7 billion, it has recommended proposals which can cause rising petrol and diesel prices.
IMF proposed to levy the General Sales Tax (GST) on petroleum products and increase Petroleum Development Levy (PDL) from Rs60 to Rs10 per litre. If government accepts this proposal, prices of petroleum products will go up by Rs10.
It will cause increasing the prices of other commodities. The rise will affect ordinary citizens in Pakistan who are bearing the brunt of soaring inflation.
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